Index Trend Analysis Report
Prepared for you on Tuesday, August 11, 2020.
Dow Jones U.S. Banks Index (INDEX:DJUSBK)
Crossroads (+60) - DJUSBK is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid DJUSBK?
MarketClub looks at technical strength and momentum to determine if the timing is right for DJUSBK.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for DJUSBK
The long-term trend has been DOWN since Feb 24th, 2020 at 479.41
The intermediate-term trend has been UP since Jul 23rd, 2020 at 345.19
The short-term trend has been UP since Aug 5th, 2020 at 339.81
Smart Scan Analysis for DJUSBK
Based on our trend formula, DJUSBK is rated as a +60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
|52wk High||517.84||52wk High Date||2018-01-29|
|52wk Low||419.31||52wk Low Date||2018-10-24|